Published on 11 Jan 2022 on Zacks via Yahoo Finance
W&T Offshore, Inc. WTI signed an agreement to acquire interests in producing properties in the federal waters of the Gulf of Mexico for $47 million.
W&T Offshore will acquire oil and gas producing shallow water assets at Ship Shoal 230, South Marsh Island 27/Vermilion 191, and South Marsh Island 73 fields from Ankor E&P Holdings Corporation and KOA Energy LP.
The to-be-acquired properties in the central region of shallow Gulf of Mexico waters include 53 producing wells and 16 structures. The properties currently produce 2,500 barrels of oil per day and 5.4 million cubic feet of natural gas per day.